Did Donald Trump Buy Iraqi Dinar?
Many people in the United States have now purchased millions of Iraqi dinars. They believe their investment will pay off in spades because President Donald Trump will help to revalue the currency. Is this belief based on fact or fiction? Is it a wild speculation, a longing for sudden riches, or is it a shrewd reading of political news?
DID DONALD TRUMP INVEST IN THE IRAQ DINAR?
No one really knows for sure if Donald Trump has invested in the Iraqi dinar. However, based on some of the things Trump has said, it’s possible to make some educated guesses.
3 Reasons Donald Trump May Have Invested in Iraq Dinar
- Trump Said All Currencies Will Soon Be on a Level Playing Field
- The Trump Administration Has Shown Support for the Iraq Government
- Many Trump Supporters Are Investing a Small Fortune in the Dinar
3 Signs Donald Trump Didn’t Invest in the Iraqi Dinar
- The “Level Playing Field” Quote May Have Been Referring to Trade Deals with China
- Trump Has Never Explicitly Declared Any Iraqi Dinar Investments
- Rumors About the U.S. Government Setting the Iraqi Dinar Predate the Trump Presidency
Here at Treasury Vault, we can’t answer these questions definitely, as that would border on a financial prediction, even an attempt at prophecy. What we can do, however, is present you with some media-driven facts that are fueling this wave of enthusiasm for the Iraqi dinar. Our goal is not to inform you one way or another about an imminent Iraqi dinar revaluation but to equip you with the information you need to arrive at your own conclusions.
3 Reasons Donald Trump May Have Invested in Iraq Dinar
1. Trump Said All Currencies Will Soon Be on a Level Playing Field
At a February 2017 press conference when Japanese Prime Minister Shinzo Abe visited the United States, President Donald Trump said, “We will soon be at a level playing field.” He was speaking about foreign currency manipulations and trade imbalances, renewing a presidential election campaign promise to make America great again by making it possible for it to compete better in the global market.
2. The Trump Administration Has Shown Support for the Iraq Government
On May 2019, Michael Pompeo, the Secretary of State, boarded a flight to the Middle East to visit with top Iraqi government officials about foreign policy matters. On the flight, he told reporters that the United States wanted to show its support for Iraq and underscore its obligation to protect Americans living in the country.
Concerned that Iraq might fall under the influence of the neighboring country Iran, the Trump administration believed that the senior official’s visit would intensify political pressure against Iran.
3. Many Trump Supporters Are Investing a Small Fortune in the Dinar
Many of the US foreign currency investors have bought millions of Iraqi dinars because they believe President Trump plans to revalue the currency. They believe that the United States government will reset the Iraqi dinar, making 1 USD to IQD foreign exchange rate equal or at least beyond its value when Saddam Hussein was in power.
3 Signs Donald Trump Didn’t Invest in the Iraqi Dinar
1. The “Level Playing Field” Quote May Have Been Referring to Trade Deals with China
It’s possible that Trump’s reference to a level playing field was about foreign trade deals, and we took his comments on foreign currency out of context. He made that comment at a press conference with Shinzo Abe, the Japanese Prime Minister. At that time, he had not only had long talks with Mr. Abe in person but had also spoken on the phone a day earlier with Xi Jinping, the president of China.
Based on this context, he may not have been speaking about all foreign currencies, but about the relationship of the US dollar against the currencies of Japan and China. He was also responding to questions from reporters about how China appeared to be manipulating the value of its currency, the yuan.
2. Trump Has Never Explicitly Declared Any Iraqi Dinar Investments
The news media has recorded no statement by the President that he had invested in the Iraqi dinar. We may have based the belief he did so based on remarks he has made about trade imbalances, particularly those with China.
3. Rumors About the U.S. Government Setting the Iraqi Dinar Predate the Trump Presidency
Trump is not the only president who has been the subject of speculation about the US government resetting the Iraqi dinar. His predecessors have been, too. In fact, the theory of a US government intervention to change the valuation of the Iraqi dinar goes back to the Gulf War in the early 1990s when President Saddam Hussein was still in power.
How Much Iraqi Dinar Did Donald Trump Buy?
Did Donald J. Trump buy Iraqi dinar? If so, how much Iraqi dinar did Donald Trump buy? Questions about Trump’s investment in the Iraqi dinar currency are on the rise. This implies that something has happened when, in fact, there is no direct or circumstantial evidence to justify that he took any action at all. Since we can’t say for sure that Donald Trump invested in the Iraqi Dinar in the first place, it’s impossible to say how much he has bought. This does not mean that he has not invested in the dinar, only that there isn’t any substantiation he has invested in it. As a real estate mogul with worldwide real estate assets, it’s within the realm of possibility.
Will Donald Trump Help the Iraqi Dinar Revalue?
On the surface level, Iraq has become a stable country in the past few years. Still, the current political regime remains propped up by the United States’ continued presence in the country. This suggests that Trump could influence political and economic events in that country.
On a deeper level, Iraq’s rebuilding efforts are still a work in progress. By helping in rebuilding the infrastructure ravaged by the war, the Trump administration could provide the economic boost that the country needs to develop a stronger currency. If it took part in the process of improvement now, then a national economic boom would be possible.
Unfortunately, there are some complications that slow down the rate of economic change. Dissident groups have beset the country with local, regional, and religious conflicts and created a lack of political unity. Strong leadership is necessary to unify the country and put an end to internal dissent and political divisions. If Iraq gains the leadership it needs, only then will aid from the United States to rebuild the country have a significant impact.
A Brief History of the Iraqi Dinar
The United States military intervened in Iraq after Saddam Hussein’s invasion of Kuwait. After unseating the country’s leader in 2003, the war left the country with a stagnant economy. The US helped rebuild the country from the ground up, focusing on the reconstruction of the oil industry, and it is now Iraq’s primary export commodity and the main source of its revenue.
Where is Iraq now?
Unfortunately, the Islamic State (ISIS) slowed down progress to a crawl, and it was only in 2014 after Prime Minister Haider al-Abadi defeated ISIS after replacing Nuri al Maliki. The war against ISIS has set Iraq’s economy back. Today, ongoing internal corruption, a fall in the price of oil, and additional infrastructure damage have slowed down the country’s hopes for a faster political, sociological, and economic recovery.
Did Donald Trump Buy Iraqi Dinar?
If you do a quick search on Google or scroll through Twitter, you’ll find many people talking about a potential Iraqi dinar revaluation. The reason their hopes run high is that they believe their vote for Donald Trump, the billionaire who became President of the United States, will bring about their own financial windfall. They believe he will bring about changes to the value of the Iraqi money so they can cash in and get rich overnight on an Iraqi dinar IQD revaluation.
These stories about dinar intel often come from people claiming to be dinar detectives who have inside knowledge about an imminent Iraqi dinar to USD revaluation. When a dinar guru adds yet another unsubstantiated claim to their dinar chronicles on their dinar blog, you should be wary. You should question any claims by a dinar guru you will make a billion dollars if you buy. Yes, the dinar may revalue—but nobody knows how or when this will happen.
At Treasury Vault, we try to keep it real. We don’t endorse stories about some hidden Trump Iraq transaction, Soviet Union election-meddling, some Wall Street investment scam, or Saudi Arabia sanctions. Since we are not privy to any behind-the-scenes political deal, we try to tell you what we know about the relationship between the Trump administration and Baghdad. We prefer fact over fiction. We don’t want to be purveyors of some Iraqi currency rumor or talk about a fortune awaiting you just around the corner.
We stick to what we know, and we keep to the facts. When providing information about buying dinar, we always give you a big picture view of what is happening in the news about Iraq’s currency–so you can make your own decision about the influence the Trump administration will have on the revaluation of the dinar.
It’s anyone’s guess when the Iraqi dinar will revalue. An Iraqi dinar revaluation is entirely possible, but it may take some time. Remember that the country is still in a consolidation phase after the 2003 US invasion. New institutions and organizations are under development, but it’s a long journey. Reunifying the country and rebuilding its infrastructure is a monumental undertaking. The Central Bank of Iraq is under a lot of pressure to sort out the country’s finances and restore the value of the money on the world’s foreign exchange market. The good news is that progress is still occurring despite the many political and economic setbacks the government and people of Iraq have suffered from terrorist groups like ISIS.
Many people are now of the opinion that as President Trump attempts to rebuild the United States, he will also pull Iraq up by the bootstraps, rather like a rising tide raising all boats. While this is a captivating notion, it may not be true. There is not enough evidence to reach a definitive conclusion. As the President himself likes to say when challenged by reporters on how he will handle a particular polemic political, social, or economic situation, “We’ll wait and see.”